Orthofix International N.V. OFIX (the Company) announced today that
it completed the divestiture of its Sports Medicine Business Unit, Breg, Inc.,
to Water Street Healthcare Partners, a strategic private equity firm focused
exclusively on the health care industry. The purchase price was $157.5 million
less normal and customary working capital adjustments and indebtedness. The
Company applied $145.0 million of after-tax net proceeds to the prepayment of
outstanding Company indebtedness, as required by the Company's existing credit
agreement.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in